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Adapt IT's profits rise by 61%

Information technology services and solutions provider Adapt IT saw its turnover for the six months to December increase 53% to R135.9m‚ while profit from operations increased 61% to R11.7m‚ representing a healthy operating profit margin of 9%.

The company's interim earnings per share and interim headline earnings per share both improved by 35% to 8.36 cents and 8.35 cents respectively‚ from 6.19 cents per share in the previous period.

A dividend of 4.84 cents per share was paid to shareholders on in September.

Looking ahead‚ Adapt IT said the economic and trading environment was improving‚ both in South Africa and globally.

"Adapt IT is better positioned to take advantage of future software and services opportunities because of its increased service diversity and sector reach. The group will drive organic and acquisitive growth in line with its strategy‚" the company claimed.

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za
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